section of my site’s index.html file


Dated: January 20 2015

Views: 455

Crystal ball for Real Estate in 2015??NAR Housing Expectations

Checking out NAR’s info-graphic this is going to be a robust year in real estate. 2014 was an improvement but 2015 should be steamrolling any prior year stats!  Good News for those homeowners looking to down-size or relocate to warmer climates. Existing home values are up.  New Homes Sales are up.  Median home sale prices are up.

National Association of Realtors suggests interest rates may creep-up a bit higher in 2015 which should have first-time home buyers rallying to find that perfect home before mid-year hits. Lenders are still requiring reasonable credit scores and less debt to purchase plus a few bank are offering terrific ‘first-time home buyer programs. Sit through a few days of seminars and voila – you have met one of the requirements! Check out local banks and see what program fit your needs as first-time buyer.

Buyers looking in the rural communities may have an option go with USDA loans. These loans typically offer low mortgage insurance costs for buyers with less than 20% down. Towns like Sparta, Lafayette, and part of Sussex plus communities in Somerset and western Morris County may be on the list.

Buyers just starting the process and are unsure on the next ‘right’ step – call our preferred lender posted below. Bob’s has almost 20 years in the industry and provides our clients with the absolute, hands-down best service out there which is why we work with him. Have questions? Give him a call –

Robert Scarzella – Mortgage Loan Orginator

Residential Home Funding Corp

100 Lanidex Plaza, 2nd floor, Parsippany, NJ 07054 – Main 973.577.7008 Cell 908.303.7714

NMLS# 318337 / Company NMLS# 34973

Blog author image

Bev Kalinka

Are you looking for a Real Estate Broker who is a Northern New Jersey expert? How about two? Beverly and Edwin Kalinka are a husband-and-wife team with 29 years of real estate experience and more than....

Latest Blog Posts

Your Local Library And Its Not Just About Books

Do not scoff and don't shrug your shoulders at the thought! Libraries offer a tremendous value to the community and Morris County has some of the best resources. First and foremost, if you'

Read More

Today is Flag Day

Today is the 235th anniversary of the adoption of the United States Flag by Congress. On this day the Continental Congress passed the first Flag Act in 1777. It states, “Resolved, that the

Read More

Florham Park Gazebo Summer Music Festivities

Absolutely the best way to spend a Sunday evening! Florham Park Gazebo Music Series starts June 24th thru August 12th located at the Great Lawn of the Borough Hall complex at 7:00 pm sharp. Bring

Read More

A local hotspot in Florham Park

If you haven't stopped by for a quick slice of square pie (Ed's favorite), consider bringing the family over for lunch or dinner at Nonna's Pizza in Florham Park. The joint is hopping every day,

Read More